Stock index S&P 500 continue to move in growth and an upward channel. Moving averages indicate a short-term bullish trend. Prices went up from the area between the signal lines, which indicates pressure from buyers of the asset and a potential continuation of the growth of the stock index in the market already from the current levels. At the time of the publication of the forecast, the index is trading at 3855. At the moment, we should expect an attempt to develop a correction and test the support level near the 3815 area. Where can we expect a rebound and…
Author: forex24pro
forex24pro
I trade in the foreign exchange market, and also invest in cryptocurrencies. I am 35 years old. Trade experience is 12 years. In trade, I use several unique trading systems, as well as simple tools for technical analysis. I plan to write my own book on trading.
BCH/USD are trading at 425.90 and continue to move as part of the correction and the downward channel. The capitalization of the Bitcoin Cash cryptocurrency at the time of the publication of the forecast is $7,948,339,371. Moving averages indicate a short-term bearish trend for Bitcoin Cash. Prices broke the area between the signal lines downward, which indicates pressure from the sellers of the asset and a potential continuation of the fall from the current levels. As part of the cryptocurrency rate forecast for January 27, 2021, we should expect an attempt to develop an asset price correction and test the…
Currency pair Euro/Dollar EUR/USD continues to move as part of the correction and the upward channel. Moving averages indicate a short-term bullish trend for the pair. Prices are again testing the area between the signal lines, which indicates pressure from buyers of the European currency and a potential continuation of the rise in quotations already from current levels. At the time of the publication of the forecast, the Euro/US Dollar rate is 1.2149. As part of the Forex forecast for January 26, 2021, we should expect an attempt to develop growth and test the resistance level, which is located on…
Currency pair Pound/Dollar GBP/USD continues to move as part of the fall and the beginning of the development of the bearish Wolfe Wave pattern. At the time of the publication of the forecast, the rate of the Pound to the US Dollar on Forex is 1.3681. Moving averages indicate a short-term bullish trend. Prices are testing the area between the signal lines, which indicates pressure from buyers of the currency pair and a potential continuation of the rise in the instrument. At the moment, we should expect an attempt to grow the British Pound against the US Dollar and test…
Currency pair Australian Dollar to US Dollar AUD/USD continues to move as part of the correction and the formation of the “Triangle” model. Moving averages indicate a short-term bullish trend. Prices are again testing the area between the signal lines, which indicates pressure from buyers of the currency pair and a potential continuation of the growth in the value of the instrument from the current levels. At the time of the publication of the forecast, the rate of the Australian Dollar to the US Dollar is 0.7750. At the moment, we should expect an attempt to develop a correction and…
Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move as part of the correction and the formation of the “Head and Shoulders” reversal pattern. At the time of the publication of the forecast, the US Dollar rate against the Japanese Yen is 103.74. Moving averages indicate the presence of a short-term bullish trend for the pair. Prices are re-tested the area between the signal lines, which indicates pressure from the buyers of the US Dollar and a potential continuation of price growth from the current levels. and continued growth of the USD/JPY pair to the…
Brent continue to move within the correction and upward channel. At the time of the publication of the forecast, the price of Brent crude oil is $ 55.15 per barrel. Moving averages indicate a short-term bullish trend for oil. Prices are again testing the area between the signal lines, which indicates pressure from buyers of “Black Gold” and a potential continuation of the rise in the asset value from the current levels. At the moment, we should expect an attempt to develop a bearish correction and a test of the support level near the area of $ 54.55 per barrel.…
Currency pair US Dollar to Canadian Dollar USD/CAD continues to move as part of the fall and the formation of the “Wolfe Wave” reversal pattern. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Canadian Dollar is 1.2718. Moving averages indicate a short-term bearish trend for the pair. Prices have broken up the area between the signal lines, which indicates pressure from sellers and a potential continuation of the fall in the pair of prices in the near future. At the moment, we should expect an attempt to develop a decline…
GOLD continue to move as part of the correction and the formation of the “Triangle” pattern. At the time of the publication of the forecast, the price of GOLD is 1863 Dollars per Troy Oz. Moving averages indicate a short-term bearish trend. However, prices have broken through the area between the signal lines, which indicates pressure from buyers of the asset and a potential continuation of the rise from the current levels. At the moment, we should expect an attempt to develop a decline and test the support level near the 1835 area. Where can we expect a rebound and…
Silver continue to move as part of the rise and ascending channel. At the time of the forecast publication, Silver prices are at $ 25.61. Moving averages indicate a bullish trend. Prices broke through the area between the signal lines upward, which indicates pressure from buyers of the asset and a potential continuation of the growth in value from the current levels. At the moment, we should expect an attempt to develop a decrease in the value of the metal and a test of the support level near the area of 24.45. Where can we expect a rebound and continued…